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...Deutsche Bank has since the summer been struggling with the fallout of the botched IT migration that saw clients locked out of accounts and internal workflows at the bank break down....
...Goldman Sachs retained its leading position, followed by JPMorgan, Morgan Stanley and Bank of America. Citi was eighth, followed by European banks UBS and Barclays....
...The brunt of the cuts affected Karl von Rohr, the former head of Deutsche’s private bank who left the bank last year after his contract was not extended....
...No such plan existed for Deutsche Bank, which is rather too large for most other banks to digest in a hurry....
...Do not bank on a fairytale ending for PBB. andrew.whiffin@ft.com...
...The US Federal Reserve fined Deutsche Bank $186mn last year for a “material failure” to fix “unsafe and unsound banking practices” that the bank had promised to resolve as long ago as 2015....
...Based on the price of these options, strategists at Bank of America say markets are now pricing in a more than 10 per cent chance of such a scenario within the next six months....
...Two of these “value” stocks are Deutsche Bank and BNP Paribas. Both reported full-year results on Thursday. Both may well stay cheap. The market’s reception of their earnings varied greatly....
...Deutsche Bank has set out plans to triple its dividend, buy back more shares and cut jobs as Germany’s biggest bank tries to boost a share price that has languished over the past year....
...Leithner has worked at the German stock exchange since 2018 and was previously an executive at private equity firm EQT and German lender Deutsche Bank....
...This month, shares in Deutsche PBB became one of Europe’s most heavily shorted stocks....
...Deutsche Bank has long hoped to become a global banking powerhouse. Its parochial valuation defeats it....
...The issue overtook US shadow banking this month as the most likely source of a “systemic credit event”, according to a survey of fund managers by Bank of America....
...Haiti is also asking itself whether it should trust the international community....
...Bank Private Bank....
...Deutsche Bank, Germany’s largest bank, last week announced a 5.5 per cent cut in its bonus pool for last year....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...In March 2021, Deutsche Bank told the FT that only a “limited number of clients” might have been affected by the mis-selling....
...Deutsche Bank, Société Générale and Barclays are notable offenders. Investors have accordingly priced these three at half (or less) of their respective book values....
...Bank of England governor Andrew Bailey this week told university students that the low valuations of UK banks puzzles him....
...“Lack of trust is a cultural problem.”...
...They are commonly used by hedge funds to build positions in companies and are typically facilitated by big banks....
...A few weeks ago it was the German banks and the idea that Deutsche Bank could lead the dealmaking. Lex gave that idea short shrift here....
...However, they are also among the largest commercial real estate lenders in Germany, where Deutsche Bank leads, followed by state-owned Landesbanks LBBW and BayernLB....
...News round-up Four Paramount directors to step down as company discusses Skydance merger (WSJ) Lloyds Bank axes risk staff after executives complaint they are a ‘blocker’ (FT) US regulator criticises...
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